Advertisement
AD

Main navigation

Advertisement

Nasdaq-Listed Mining Company Riot Blockchain Reports Its February Production Results

Advertisement
Mon, 15/03/2021 - 14:31
Nasdaq-Listed Mining Company Riot Blockchain Reports Its February Production Results
Cover image via stock.adobe.com
Read U.TODAY on
Google News

Riot Blockchain has mined roughly $10 million worth of Bitcoin (179 BTC) in February, according to its March 15 press release.

For comparison, the Nasdaq-listed firm minted 125 coins in the previous month.

Advertisement

CEO Cale Moodie anticipated continued income growth:

With our bitcoin mining operations coming online in a matter of weeks, we expect substantial income growth and our asset base to continue on this trajectory.

Advertisement

In addition, Riot Blockchain has also bought 1,500 Bitmain Antminer S19j Pro Bitcoin miners that will be delivered in the fourth quarter of 2021.

It aims to ramp up its mining capacity to 1.4 EH/s (exahashes per second).

The shares of Riot Blockchain (NASDAQ: RIOT) are up 4.5 percent in pre-market trading.

Formerly known as Bioptix, the company was sued for allegedly misleading investors by changing its name during its pivot to blockchain in October 2017. The suit, however, was dismissed last May.

Related

Miner revenues keep setting new records

Bitcoin miners saw record revenues when the largest cryptocurrency was gearing up to hit $61,000.

Article image
Image by blockchain.com

As per Blockchain.com data, Bitcoin miners earned $67.4 million on March 14 alone, eclipsing the previous record of $59.7 million that was set on Feb. 24.

A
A
A

Related articles

Advertisement
TopCryptoNewsinYourMailbox
TopCryptoNewsinYourMailbox
Advertisement
Advertisement

Recommended articles

Latest Press Releases

Our social media
There's a lot to see there, too

Popular articles

Advertisement
AD